Bostik Australia

OVERALL

Owned

FRA

Rating

Adhesives & sealants

In 1990, Bostik was purchased by TOTAL, the French petroleum oil company, who sold the company to French chemicals giant Arkema in 2015. Bostik is one of the world's largest makers of adhesives and sealants. Operates 3 production sites in Australia.

Created in 2004 when French oil major Total spun off its chemicals business. 3 business segments: high performance materials, industrial specialties, and coating solutions. Sales in 50 countries. Acquired Bostik in 2015.

In 2011 this company was convicted and fined $90,000 in the County Court after an investigation into a chemical leak at their Thomastown factory found there was no operational vapour system in place to deal with the spill.[Source 2011][More on Habitats]

In 2011 Bostik's US division was fined $917,000 by the US Occupational Safety and Health Administration (OSHA) for 50 alleged violations of workplace safety standards following an explosion earlier in the year. Among the 50 violations OSHA alleges, nine were deemed "willful violations," which are the most serious OSHA levies.[Source 2011][More on Workers Rights]

California, the UK and Australia have all enacted legislation requiring companies operating within their borders to disclose their efforts to eradicate modern slavery from their operations and supply chains. Follow the link to see this company's disclosure statement.[Source 2016][More on Human Rights]

In 2018, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to reduce greenhouse gas emissions and mitigate climate change risk. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Climate Change Score of A-.[Source 2018][More on Climate Change]

This company received a score of 2.5/100 (retrieved 14-Feb-2018) in the Corporate Information Transparency Index (CITI), a system for evaluating supply chain practices in China, particularly in regards to environmental management and water pollution. Scores are calculated using government compliance data, online monitoring data, and third-party environmental audits, as well as trends in the environmental performance of factories in the company's supply chains.[Source 2018][More on Habitats]

In 2011 Europe's second-highest court upheld an EU antitrust fine totalling 78.66 million euros on this company and its former parent company for a bleaching chemicals cartel. The cartel had fixed prices for hydrogen peroxide and sodium perborate, divided up market volumes and shared sensitive information from 1995 to 2000. [Source 2011][More on Governance]